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ECB to stand pat on policy as core inflation remains shy of target

Published 01/19/2017, 03:36 AM
Updated 01/19/2017, 03:36 AM

Investing.com - The ECB is expected to leave its monetary policy unchanged at Thursday's Governing Council meeting.
Euro-zone growth and headline inflation are picking up but core inflation remains well below ECB target of close to 2%.
The ECB in December cut its monthly asset-purchasing program to €60 bn from €80 bn.
But at the same time its extended the QE program until the end of 2017.
The ECB's key lending rate currently stands at 0.0% and its deposit rate at minus 0.4%.
The interest rate decision is due to be announced at 07:45 ET.
This will be followed by a news conference by ECB President Mario Draghi at 08:30 ET.

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